Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1887-01-19
Staunton Markets.
SPECTATOR OFFICE.
CfannAnn w Inn lQ 1851

Staunton Markets.
SPECTATOR OFFICE.
Staunton. Va, Jan. IL, 1887. J
The Staunton grain-market is not very far
from a direct connection with the controlling
influences that settle the question of prices.
and its volume entities 1t to a review of the
situation as often as we can make 1t. The
causes Of f1uctuation one way or the other
should. whenever they occur, be investigated
and the facts brought out as far as it is practi-
cable to do so, in order that both producers and
buyers may estimate for themselves the value
to be attached to them and to what extent
they should govern sales.
During the last two weeks. the reviewers of
the grain-trade at Liverpool, New York and
Chicago, report fluctuations and unsteadiness,
but the limits are confined to small margins
TIE Shorts" as the bulls" are now termed,
have large interest in representing that the
lowering tendency is permanent, and will con-
tinue. Weaker cables was the natural result
in view of more than twenty million bushels
of wheat afloat for the English markets drawn
from the United States. Added to that was
the statement that heavy additional deliveries
were to come in from the extreme northwest
ern fields of production. Coupling all this, the
small decline at this time is natural, but it is
neither conclusive as to the effect which will
be made upon the foreign demand, nor does 1t
substantiate the truth of arrivals from the
northwest in sufficient amount to unsettle
previous estimates.
By looking over the quotations at all the
grain-trade centers, either for present delive-
ries or futures, the reviews and quotations
show nothing more than the already stated
influences as they affect the present and not
the future.
the Baltimore market opened last week
steady and firm for Southern wheat, Fultz
selling at IS to Sc. and Longberry at 9S cents
and has continued at about these figures.
The Richmond market has not exhibited
signs of even a temporary decline. for on the
18th considerable sales OF Longberry were made
at SO and SO cents, within one cent of the high
est price which has been paid.
1t Is only necessary to com pare the flactca-
tons which have taken place and the facts as
they exist in the English markets where there
are many influences at work to continue lower
quotations as we'll IS to underestimate the
future demands, to make plain the fallacy
which is being INDUCED in. There our surplus
is rated over all fair estimates made on this
side, and hardness in delivering at the sea.
board, when in fact the contrary of both state
ments is the truth, for Western wheat has
come forward without stint.
The United States is now the only exporting
country which has anything like an amount
of supply to meet an admitted deficiency
That demand is largely in excess of all, In
Guiding the estimate the shorts would force
as correct one, and adding to the deficiency
| in the United Kingdom there are several coun-
| tries anxious to buy, and as noted few weeks
since, MEDITERRANEAN ports were absorbing
| Russian exports from Odessa which England
had hoped to obtain. In this connection. the
following from an English standard authority
Of the 18th instant. is conclusive of how the
matter viii stand when the surplus is all in,
ana tne accounts footed up:
.sThe quantity of wheat, flour included, on
passage Cor the United Kingdom January II,
SS7, % 100000 BUSH, against l6 600 600 bush.
| 9U0 bush. more this than last season. The est1-
mate of the UEited Kipgdom's wheat of 1885
for food is 52,0Gl000 bush., of which 22.7720oi,
| equal to 43 10 per cent, has already been de-
| livered. The estimated yearly consumption
| of 81. 00S 347 population in the United Kingdom
s;eptem her 1855. is 2l2OO0 GOO bush. The home
crop, 50 QUO COO BUSH, being deducted. leaves a
remainder of 160, 600 700 bush, or foreign wheat
and -four to be imported in the cereal year to
end august 81 1887, of which 1925 754 bush
| have been already imported from september
l 1885, to January s, 1887. to which add 2O,200.-
| 600 bush. on passage Tor United Kingdom on
January IL, 1887, makes 69 226 754 bush. already
| In hand or the way thence. leaving on
January s, 1887, to be purchased In and shipped
from all foreign countries from January 8. 1887
TO August 81, 1887, 80 773, 246 bush of wheat and
wheat flour. The reported stock of wheat and
flour In the i'm porting ports of the United
Kingdom December 81. 1886, Is reported at H.
81, 1885. Tito 90,773.2i6 bush. required by the
United Kingdom there be added the wants OF
Belgium, Holland, Germany, France, Swilzer-
land, Italy. Spain, Portugal and Greece. there
is a large aggregate"
The receipts of wheat are comparatively
light. influenced by the slight decline; good
selling readily at 81 cents, with stronger feel
ing indicating in time restoration to the
highest figure of the season, which was 80
cents. Inferior grades of course are selling
under 81 cents.
A few of our farmers bale their surplus
shucks, which always sell well, as they make
excellent mixed-feed for cattle when cut
There is fair winter demand for them in
towns and cities. At Mr.. James II. Black ley's
store house. Nj. r. III. Silling, one of our
Augusta farmers, is delivering a baled lot,
which, for neatness in preparation and freedom
from withered substances, is a model of good
work They are quoted from first hands al 50
to SO. so per ton.
The quotations of hay remain as last week,
but it is firm.
We note another advance by wholesale deal
ers in quotations in some grades of cofees and
sugars.
Dressed pork has declined since last week,
and is now quoted at Sc 90 to s6.25.
Live and dressed poultry remains as last
week with an abundant supply.
Butter and eggs unchanged.
1.-THE quotations are wholesale. no tretail.l
Counary Produce.
APPLEs-green p bush 50@975c